Risk Management
Our experience in risk management
Techtrends has experience in risk management projects for both private and government companies. The company’s experience and expertise in strategic, marketing, financial and operational planning, as well as in supply chain and IT system management have resulted in an in-depth understanding as well as reliable and precise analysis. This analysis identifies threats and their implications for the company, and leads to the development of strategies that address these risks in order to minimize and neutralize them as far as possible.
Risks are defined as the possibility that several events or a single event (inside or outside the company) whose probability are high or low, including risks defined as “black swans”, will damage the company’s ability to meet its goals and objectives.
Risks are classified as:
- Strategic risks
- Operational risks
- Financial risks
- Obedience risks
Techtrends’ risk management experience indicates that most of the obstacles preventing success are related to the implementation of the risk management plan. Techtrends has developed and implemented effective methodology through which this plan is carried out with great success.
The risk management plan covers the following:
- Risk identification
- Risk assessment
- Risk prioritization
- Preparing an action plan for risk management
- Guidance for the process of implementing and assimilating the risk management action plan
